National Jeweler Network



Nordstrom opens new Rack stores on both coasts

New York and California are the latest locations for Nordstrom’s continued focus on its Rack off-price segment, with the retailer opening one in Laguna Niguel, Calif. and another in Staten Island, N.Y. 


Luxury goods conglomerate snaps up Ulysse Nardin

Kering, which already owns Boucheron and Girard-Perregaux, has added another name to its jewelry and watch stable: Ulysse Nardin, a 168-year-old independent watch brand.  


Jewelry e-commerce site BaubleBar raises $10M

Online fashion jewelry retailer BaubleBar has raised $10 million in a Series B financing round led by Burch Creative Capital, which is headed by retail and fashion veteran Christopher Burch.


Birks records $5M loss, announces cost-cutting plan

Birks Group Inc., the retailer formerly known as Birks & Mayors, announced this week that it is restructuring to save money, cutting administrative staff at its regional office in Florida and relocating that office’s functions to its headquarters in Canada.  


Amazon now selling 3-D printed products

Amazon has entered the 3-D printing arena with the launch of its “3D Printed Products” store, a marketplace that gives shoppers access to more than 200 unique, customizable print on-demand products, including jewelry.


Retailers remain ‘prudent’ in purchasing, LVMH says

Same-store sales of watches and jewelry rose slightly in the first half for LVMH, with the company noting that the retailers that carry its brands remain cautious when purchasing.


Walmart’s US CEO stepping down

Walmart announced Thursday that Greg Foran will be the new president and CEO of Walmart U.S. effective Aug. 9 replacing Bill Simon who is “transitioning out of the company.”


First half net sales up 7 percent for Swatch

Though operating profit and net income declined for the Swatch Group in the first half of the year, net sales increased.


Alex and Ani’s fraud suit allowed to proceed

A federal judge has ruled that a case of “bungled bangle banditry,” in which jewelry brand Alex and Ani is suing BJ’s Wholesale Club and a group of distributors, can move forward.